I run Flex EA on Hybrid strategy using highest low risk so on low risk but the top setting being 0.3. 0.4 to 0.6 is medium risk and 0.7 to 1 is high risk.
So far it has been running for almost a month on a VPS using only the recommended pairs and the results have been amazing.
My draw down has been low plus with it set to low risk the DD max is set to 35%. The system trades based on account size so the trades may appear using smaller lots than expected but this is because it is using correct risk management. It does not hedge but it does increase the trade and trade in the same determined direction which since I have been watching it works really well. An example today, it placed a trade to sell USDJPY however price moved up so it placed another slightly larger sell and again 2 more times. The system is set to 5 max trades on the accounts and it does not trade 2 hours before or 2 hours after news plus on my setting does not trade on Friday however it does still manage the trades and will open new trades on that pair as per the previously mentioned strategy. Each time the strategy has been used it has been very successful as 2 trades of 4 close very healthy, 1 trades closed 1 pip in profit and the other trades being of the lowest lot size closes at a loss resulting in a good net profit. Don't expect regular trades as the system uses a load of analysis however on average it trades at least once a day and sometimes nothing on Fridays. You can edit the numerous EA settings yourself as well if you wish but I see no point as it works brilliantly as is.
The account growth and speed of growth uses compounded profits so it depends on how much you start with. I started with $300 and quickly put in extra to push this to $500 then $1000 then $2000. I will keep feeding the account to speed up growth as the larger the account, the larger lot size is used. even at $2000 it still starts with micro lot trades thus risk of blowing the account is extremely low. The TPs are also set as I found out when my VPS froze once and I thought I missed the temp pull back required to close the trades in profit but since the TPs were set on the trades it closed on the broker side in profit.
I am looking at buying more licenses and trying other strategies and higher risk levels. This EA runs circles around my other EAs as well as my manual trading. I don't even know if I should bother with my current Forex training.
I hope I have not revealed more than I should but this is for anyone sitting on the fence looking at this EA. I am not affiliated to this EA or company at all and purchased the EA just like any other client.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.